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The UAE federal tax system is administered by the Federal Tax Authority (FTA), which was founded ahead of the 2018 implementation of a federal value added tax (VAT). The current standard VAT rate in the country is 5%. [2] [3] In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023. [4]
To set policies and plans in the real estate sector in Dubai in order to increase foreign investments. RERA is a part of Dubai Land Resources Department. The agency has its own financial and administrative independence with full legal authority to regulate the real estate sector in Dubai.
The 2007–2008 financial crisis led to the Dubai housing crash in 2009 and a sharp decline in property values and a slowdown in development activity. The government took a series of measures to support the industry, including increased regulation and transparency, and establishment of the Dubai Real Estate Regulatory Agency (RERA). [ 7 ]
News / Talk / Sport: English: Dubai ARN - Arabian Radio Network 104.1 MHz RADIO 1: Radio 1 UAE: Top 40 / Dance / R&B: English: Dubai / Jebel Ali Teleport 10 kW: UAE Government 104.4 MHz VIRGIN: Virgin Radio UAE: Top 40: English: Dubai 360 m 5 kW: ARN - Arabian Radio Network 104.6 MHz SEHA: SEHA Health Abu Dhabi Dubai Health Authority 104.8 MHz ...
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
Reportage Properties is an Abu Dhabi-based real estate developer that provides investment, project management, residential construction, and development services, introducing the concept of townhouse with loft design for the first time in Abu Dhabi.
F ans of Netflix’s hit reality dating show Love is Blind will soon have a new series to binge watch as the streaming giant has announced Love is Blind, Habibi, a UAE-based edition.
There have been proposals to reclaim land from the sea in Ajman. However, many have been rejected due to environmental concerns. [2] Dubai. It was created to boost the tourism industry creating a complex society and a great place for tourists to rest (Happy 2001).